Episode Details

29th Nov: Crypto & Coffee at 8
⛰️ Bitcoin mining facilities in the Himalayas 🏦 Foreign banks join China’s CBDC 🔴 Fireblocks launches trading system Charles Hoskinson upset with SEC

🔴Forbes has reported that the secluded mountainous Kingdom of Bhutan is operating clandestine, state-owned Bitcoin mining facilities. Through the use of satellite imagery, Forbes identified four secret locations. Bhutan’s monarch, King Jigme Khesar Namgyel Wangchuck, has displayed a longstanding interest in cryptocurrency. He envisions that Bitcoin mining will play a pivotal role in averting economic crises for the remote and bio-diverse mountain nation, which is home to less than 800,000 people. Article here https://lnkd.in/d5YaumX9

🔵China CBDC
❗ As per local news sources, HSBC and Hang Seng Bank, both based in Hong Kong, along with Taiwanese bank Fubon Bank, have incorporated e-CNY integrations into their platforms. All four international banks are facilitating their clients with the capability to transfer and withdraw e-CNY. Notably, Hang Seng Bank is permitting its personal banking customers to link debit cards through the official e-CNY app, enabling the redemption of digital renminbi. Additionally, these customers can top up their digital renminbi wallet using the Hang Seng China Mobile Banking App. HSBC has also introduced similar functionalities, catering to the retail use of e-CNY for its clients.

- Important to note: Chinese digital yuan CBDC was used for the first time to settle a cross-border oil deal where PetroChina International purchased 1 million barrels of oil using the CBDC.

🔥 Fireblocks Launches Off Exchange to Eliminate Counterparty Risk. A new solution that enables trading firms and asset managers to trade on centralized exchanges from an on-chain MPC shared wallet, eliminating exchange counterparty risks.

🟥 Fireblocks Off Exchange leverages MPC technology to enable traders to allocate and mirror assets directly to an exchange from a wallet they mutually control, protecting their principal from hacks, bankruptcy, and fraud,while providing centralized exchanges with complete on-chain transparency that client accounts are fully collateralized.
Off Exchange is launching with support for Deribit, with HTX, Bybit, OKX Gate.io, BIT, one trading, Coinhako, Bitget, and additional global exchanges being added in the coming months. Info here https://lnkd.in/dqkbcJu6

🟣 Cardano founder Charles Hoskinson criticized the U.S. Securities and Exchange Commission (SEC) in a recent livest